The market has been high on Highway Holdings Limited (HIHO) stock recently. HIHO gets a Bullish score from InvestorsObserver's Stock Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With HIHO Stock Today?
Highway Holdings Limited (HIHO) stock is lower by -10.16% while the S&P 500 is higher by 0.88% as of 9:54 AM on Monday, Oct 12. HIHO is lower by -$0.38 from the previous closing price of $3.79 on volume of 27,242 shares. Over the past year the S&P 500 has risen 17.23% while HIHO is higher by 100.59%. HIHO earned $0.14 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 24.11.
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More About Highway Holdings Limited
Highway Holdings Ltd is a holding company. The company is a manufacturer of metal, plastic, electric and electronic components for original equipment manufacturers (OEM) and contract manufacturers. Its operating segment includes Metal stamping and mechanical OEM and Electric OEM. Metal stamping segment focuses on manufacturing and sale of metal parts and components. The company generates maximum revenue from the Metal stamping and mechanical OEM segment. Geographically, it derives a majority of revenue from Europe and also has a presence in Hong Kong and China, North America, and Other Asian countries.
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